How Much Does Corporate Housing Cost: How Corporate Housing Saves Money

Employees and business owners often have to travel for work. These travels can become a huge burden on the wallet as expenses add up quickly. This may leave people wondering, “How much does corporate housing cost?”

Staying in corporate housing can save you money long term and lower overall travel costs. Not only are corporate apartments more affordable, but they’re comfortable and convenient. Take a look at all the reasons why you should choose corporate housing to cut down on travel expenses.

The 9 Cost-Saving Aspects of Corporate Housing

There are 10 reasons why corporate housing is the most cost-efficient option for traveling workers.

1. Lower Daily Rates

Corporate housing businesses usually negotiate terms on a monthly basis, while hotels have set daily rates. This means that staying in a hotel for a longer period can be very expensive. Paying on a monthly basis, however, normally means you pay far less per night. On average, Furnished Quarters’ apartments are 30-50% less than a high-end hotel stay.

Depending on how long you stay and where, corporate housing may be exempt from hotel taxes, saving you even more money.

2. Predictable Rates

Unlike hotels, where the costs fluctuate and can change from day to day, corporate housing locations have steady, transparent pricing outlined in monthly lease agreements. These lease agreements also include flexible terms, meaning you won’t be paying for additional days you aren’t be occupying the space. This makes it easy to budget and plan a trip without worrying about rates jumping up.

3. Reduced Employee Expenses

Often, one of the biggest strains on your bank account isn’t the housing but the other living expenses. In a hotel, guests need to pay to eat in restaurants every day. Corporate housing locations include fully equipped kitchens, so you can cook, store food in the refrigerator, and potentially save hundreds of dollars a month.

Corporate housing locations, like the ones Furnished Quarters offers, also typically includes access to on-site or in-unit laundry facilities, fitness and business centers, reducing the need to pay for other necessities or services.

4. Decreased Relocation and Moving Costs

With a corporate apartment, you don’t need to worry about bringing or buying furniture.

Corporate housing comes completely furnished with all the bed linens, kitchen utensils, appliances, and furniture needed for a comfortable stay. There’s no need to pay for a moving van or new apartment supplies.

5. Utiities Included

Most corporate housing options include utilities such as electricity, water, gas, and internet. You won’t have to pay an extra bill later on or set up temporary services, the way you would in a regular apartment.

6. Transporation Costs

Corporate housing hubs are often strategically located near popular workplaces, reducing commuting costs and time. You could simply walk or take a quick subway ride to work instead of paying hundreds of dollars a week in taxis, trains, or ride shares.

7. No Hidden Fees

Unlike hotels, corporate housing typically doesn’t involve hidden fees or surcharges. Some hotels will charge fees like resort fees, baggage holding, early/late check-in fees, online booking fees, or even a WiFi fee.

Corporate housing with Furnished Quarters never has hidden fees. We offer transparent pricing with no unwelcome cost surprises.

8. Improved Productivity

Many company owners and supervisors have noticed that traveling employees staying in corporate housing seem more productive in the workplace. With a comfortable home-like environment, employees tend to feel less stressed and will be better able to perform their work duties.

This can contribute to employee satisfaction and, therefore, less employee turnover, with all the associated costs.

9. Family Accommodations Available

Many employees who travel for work for months at a time bring their families along. Corporate housing has options for different-sized accommodations so families can live comfortably during a temporary work relocation. They can have a full equipped kitchen, living room area, and private outdoor space to help them really feel at home.

This also extends to animal family. Furnished Quarters has many pet-friendly locations so you can bring your beloved cat or dog on a work trip.

Book Your Stay at a Furnished Quarters Corporate Apartment

Work responsibilities may take you out of your home city, but there’s no need to book an expensive hotel or third-party rental. Instead, choose Furnished Quarters and save on costs while living in the most comfortable and stylish apartment in town.

Contact us to find the perfect apartment for you or your employee. Explore our options both in and out of the United States and see how you can “stay different.”